Sr Income Tax Analyst or Tax Analyst II

Xcel Energy•Minneapolis, MN

1d•$64,100 - $104,633•Hybrid

About The Position

Xcel Energy is hiring at either the Tax Analyst II or Senior Income Tax Analyst level, depending on the selected candidate’s background and experience. The role supports preparation and filing of corporate federal and state income tax returns and extensions, estimated tax payments, and income tax accruals. At the senior level, the work is performed at a higher technical level and includes supporting the Director or Manager, Income Tax Compliance & Accounting. The position contributes to accurate and timely tax filings, tax liability management, monthly tax accruals and disclosures, regulatory compliance, budgeting estimates, rate filings, and cash forecasts. It also requires keeping current with changes in tax laws, regulations, and rulings. Xcel Energy supports a hybrid work model; many roles work onsite three days per week, Tuesday through Thursday, though expectations vary by role, team, and business needs.

Requirements

For Tax Analyst II: degree in business, finance, or accounting, or equivalent experience.
For Tax Analyst II: two years of experience in income tax compliance and accounting.
For Tax Analyst II: ability to effectively use Excel spreadsheets and word-processing software.
For Tax Analyst II: demonstrated communication and relationship skills.
For Tax Analyst II, appropriate experience includes consolidated federal and unitary state tax return preparation; estimated federal and state income tax payment calculations; monthly tax accruals and financial statement presentation; and income tax research and analysis referencing authoritative tax literature.
For Senior Income Tax Analyst: bachelor's degree in accounting.
For Senior Income Tax Analyst: four years of experience in income tax compliance and accounting. Candidates with a master's degree, a certification such as CPA, CMA, or CFA, or an investment banking or public accounting background may be granted experience toward the four-year minimum.
For Senior Income Tax Analyst, appropriate experience includes current and deferred income tax accruals and financial statement presentation; consolidated federal and unitary state tax return preparation; estimated federal and state income tax payment calculations; and income tax research and analysis referencing authoritative tax literature.

Nice To Haves

Master's degree, such as a Master of Business Taxation, or an equivalent license or certification, such as CPA.

Responsibilities

Participate in preparing required federal consolidated and state income tax returns and claims for refund, ensuring accurate and timely filing and minimization of tax liability.
Participate in determining monthly tax accruals and disclosures in compliance with IRS, GAAP, Sarbanes-Oxley, regulatory income tax accounting, and public utility normalization requirements.
Assist with implementation of Company tax policies to maintain compliance with governmental regulatory agencies.
Assist in the annual preparation of the Federal Energy Regulatory Commission Form 1 and Uniform Statistical Report.
Keep abreast of changes in tax laws, regulations, and rulings through ongoing reading and research.
At the senior level, participate at a higher technical level in determining monthly tax accruals and preparing federal consolidated and state income tax returns and refund claims.
At the senior level, assist with quarterly estimated federal and state income tax payments, including allocation or distribution of payment obligations among affiliated companies.
At the senior level, prepare or assist with income tax estimates and projections for budgeting, rate filings, and cash forecasts.
At the senior level, inform the Director or Manager, Income Tax Compliance & Accounting about tax law changes and their effects, and recommend courses of action when appropriate.
Perform other duties and assume other responsibilities as assigned.